MLPS RALLY ON FALLING TEN YEAR RATES AND RISING ENERGY

Falling 10 year rates giving a boost to MLPS this morning as most are higher. Doesn't hurt that the XOI index is nearing a new 52 week high as Crude Oil makes new all time highs. Markwest Energy (MWE) continues to rally for the 5th straight day after pricing its offering at 39.75 last Friday. There was such a long overhang on this stock since the offering was known for 3 months that the stock sale was a relief and we're back to where we were 2 weeks ago...it is today's big winner up 60 cents. The AMZ MLP index is up 65 cents to the 249 level. Losers are few and mainly under 20 cents. No news drivers today.

Crosstex (XTXI) is selling off from the 97 level it hit yesterday. Might be another buying opportunity setting up but not until we drop under 90 imho.